Bloomberg Saudi Arabia’s largest lender has become a favourite among equity analysts and investors as its business improves and the potentially lucrative inclusion in an emerging-markets benchmark index approaches next month. Al Rajhi Bank was upgraded to buy by Goldman Sachs Group Inc. on Aug. 8. An analyst at Bank of America Merrill Lynch followed suit eight days later, citing ...

Bloomberg The pound declined the most in a week against the dollar amid lingering uncertainties about how long it will take for the UK to forge post-Brexit trade agreements with the European Union. Sterling, which depreciated against most Group-of-10 peers, also reached a 10-month low versus the euro. Prime Minister Theresa May’s government is releasing a third paper Tuesday on ...

Bloomberg RHB Bank Bhd., Malaysia’s fourth-largest lender by assets, and AMMB Holdings Bhd. are planning to scrap their proposed merger, according to people with knowledge of the matter. RHB and AMMB had difficulty reaching agreement on terms, one of the people said, asking not to be identified because the information is private. The companies could announce as soon as Tuesday ...